The Trustees Of The New York Society Library

Organization Overview

The Trustees Of The New York Society Library is located in New York, NY. The organization was established in 1934. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Trustees Of The New York Society Library employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The New York Society Library is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Trustees Of The New York Society Library generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE LIBRARY WAS FOUNDED IN 1754 BY THE NEW YORK SOCIETY, (CONTINUED ON SCHEDULE O)A CIVIC-MINDED GROUP FORMED IN THE BELIEF THAT THE AVAILABILITY OF BOOKS WOULD HELP THE CITY OF NEW YORK TO PROSPER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EVENTS AND EXHIBITIONS THE LIBRARY IS OPEN TO THE PUBLIC FOR READING, REFERENCE, EXHIBITIONS, AND MANY EVENTS, WITH CIRCULATION AND OTHER SERVICES BY SUBSCRIPTION. AT END OF 2021, THE LIBRARY COUNTED APPROXIMATELY 2,600 FAMILY, DUAL, INDIVIDUAL, E-MEMBERSHIP AND SCHOOL/INSTITUTIONAL MEMBERSHIPS. THE LIBRARY HOUSES A COLLECTION OF OVER 300,000 VOLUMES, AND CIRCULATED APPROXIMATELY 60,000 TITLES TO MEMBERS IN THE PAST YEAR. (CONTINUED ON SCHEDULE O)THE LIBRARY OFFERS A DIVERSE CALENDAR OF EVENTS FOR READERS, WRITERS, AND CHILDREN, WITH MOST EVENTS OPEN TO BOTH MEMBERS AND NON-MEMBERS. THE LIBRARY OFFERED NEARLY 90 PROGRAMS IN 2021, MOSTLY ONLINE DUE TO THE ONGOING PANDEMIC, AND REACHING THOUSANDS OF MEMBER AND NON-MEMBER ATTENDEES. THE ASSUNTA, IGNAZIO, ADA, AND ROMANO PELUSO EXHIBITION GALLERY, OPEN TO THE PUBLIC, SHOWCASES RARE BOOKS AND MATERIALS ON LITERARY AND HISTORICAL THEMES. IN 2021, THE LIBRARY OPENED THE EXHIBITION BLACK LITERATURE MATTERS. NEARLY 700 NON-MEMBER VISITORS VIEWED THE EXHIBITION IN PERSON, WHILE MANY MORE EXPERIENCED THE SHOW VIRTUALLY VIA AN ONLINE TRAILER AND RELATED ONLINE PROGRAMMING.


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Board, Officers & Key Employees

Name (title)Compensation
Carolyn Waters
Head Librarian
$145,346
James Addona
Head Of Development
$113,269
Sara E Holiday
Head Of Events
$107,439
Ellen M Iseman
Chair
$0
George Lk Frelinghuysen
Treasurer
$0
Timothy N Wallach
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Larson Architecture Works Pllc
Architectural Services
$190,075
H And M Cleaning Service
Contract Cleaning
$126,339
Beck Mack & Oliver Llc
Investment Advisor
$109,149
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $421,875
All other contributions, gifts, grants, and similar amounts not included above$1,601,403
Noncash contributions included in lines 1a–1f $184,904
Total Revenue from Contributions, Gifts, Grants & Similar$2,023,278
Total Program Service Revenue$611,564
Investment income $537,744
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,231,056
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,437,430

Grants Recieved

Over the last fiscal year, we have identified 21 grants that The Trustees Of The New York Society Library has recieved totaling $433,366.

Awarding OrganizationAmount
Esmond Nissim Foundation Inc

Bronxville, NY

PURPOSE: GENERAL FUNDING

$250,000
Valley Charitable Trust

Hockessin, DE

PURPOSE: BUILDING RENOVATION FUND

$60,000
Florence Gould Foundation

New York, NY

PURPOSE: SUPPORT FOR BLACK LITERATURE MATTERS EXHIBITION

$27,365
Achelis And Bodman Foundation

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$25,000
Valley Charitable Trust

Hockessin, DE

PURPOSE: DESIGNATED TOWARD THE 2021 ANNUAL OPERATING FUND

$15,000
Nelson Talbott Foundation

Washington, DC

PURPOSE: GENERAL NEEDS OR PURPOSE

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$44,188,454
Earnings$8,481,249
Net Contributions$275,000
Other Expense$1,714,112
Ending Balance$51,230,591

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